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The longer the holding period, the greater the benefits of making these contributions.

Ed Slott, a retirement plan expert in suburban New York City, also favors boosting the starting age to 75, if not higher. "That would be great, the better way to handle (increased life expectancy)," he said.

First, by making the donation, you avoid any long-term capital gains tax on the asset. "That will help you reduce your taxable income," says Ed Slott, a CPA who educates financial advisers on IRA and retirement planning strategies. 

IRA expert Ed Slott makes an important point regarding naming trusts as IRA beneficiaries. “There is no tax benefit that can be gained with a trust that cannot be gained without one.”

“The RMDs aren’t that big to start with,” said Ed Slott, an author and retirement expert. "Unless you’re talking about a mega-IRA, adjusting the tables for higher longevity won’t shave off even a percentage point in the amount you must take.”

“Where I see a big benefit is if you’re doing a backdoor Roth conversion and you’re still working,” said Ed Slott, CPA and founder of Ed Slott & Co.

“The first overriding factor is ‘Never do it,’” said Ed Slott, CPA and founder of Ed Slott & Co. “You will have less money for retirement. It’s the last resort unless you need it.”

Problem is, according to Ed Slott, CPA and founder of Ed Slott and Co., "they cast such a wide net…they catch the little fish — people who weren't doing anything wrong."

“It’s the same principle as a reverse mortgage, where the money you owe will be deferred until you die or sell,” says Ed Slott, a certified public accountant and retirement expert based in New York.

Eight years after their arrival, backdoor Roth IRAs are alive and well.